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Earnings

Panasonic's first-quarter profit rises 19% as factory equipment sales offsets battery costs

Updated : July 31, 2018 02:36 PM IST

The electronics conglomerate posted operating profit of 99.96 billion yen ($897.8 million) for April-June, from 83.93 billion yen a year prior.
Panasonic maintained its profit forecast for the year through March at 425 billion yen, versus the 433.9 billion yen average of 21 analyst estimates.
Panasonic's first-quarter profit rises 19% as factory equipment sales offsets battery costs

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